The impact of earnings announcements on share prices of mining companies listed on the Johannesburg Stock Exchange

Maraisane, Phomolo

dc.contributor.advisor	Cronje, Christo Johannes
dc.contributor.author	Maraisane, Phomolo
dc.date.accessioned	2017-05-10T05:05:29Z
dc.date.available	2017-05-10T05:05:29Z
dc.date.issued	2016-12
dc.identifier.citation	Maraisane, Phomolo (2016) The impact of earnings announcements on share prices of mining companies listed on the Johannesburg Stock Exchange, University of South Africa, Pretoria, <http://hdl.handle.net/10500/22456>
dc.identifier.uri	http://hdl.handle.net/10500/22456
dc.description.abstract	The study examined the impact of earnings announcements on the share price of selected mining companies using the most recent data from the Johannesburg Stock Exchange. This study covered a period from 1 January 2011; to 31 December 2015. Using the classical event study methodology, the speed of reaction of the market to annual earnings information releases for a sample of 27 companies listed on the exchange is tested. Over the sample period, the Abnormal Returns (AR), Average Abnormal Returns (AAR) and Cumulative Average Abnormal Returns (CAAR) were calculated. The AR, AAR and CAAR show positive results obtained during the earnings announcement period. The returns yielded from these results are significantly different from zero.	en
dc.format.extent	1 online resource (xii, 162 leaves) : illustrations (some color)
dc.language.iso	en	en
dc.subject	Efficient market hypothesis	en
dc.subject	Abnormal returns	en
dc.subject	Earnings announcements	en
dc.subject	Event study	en
dc.subject	Share price	en
dc.subject	Johannesburg Stock Exchange	en
dc.subject	Mining companies	en
dc.subject.ddc	657.760968
dc.subject.lcsh	Johannesburg Stock Exchange	en
dc.subject.lcsh	Mineral industries -- South Africa	en
dc.subject.lcsh	Stocks -- Prices -- South Africa	en
dc.title	The impact of earnings announcements on share prices of mining companies listed on the Johannesburg Stock Exchange	en
dc.type	Dissertation	en
dc.description.department	Financial Accounting	en
dc.description.degree	M. Phil. (Accounting Sciences)